Vancouver based Capstone Mining Corporation, has announced copper production results for the first three months of this year ending March 31. Combined production at its three operating copper mines was 19,200 tons for the quarter. The Pinto Valley Copper Mine west of Miami for the 90 days had a production of 11,400 tons. Its Cozamin mine in southern Mexico had 4,300 tons of copper production and the Minto Copper mine in the Yukon area of Canada production totaled 3,500 tons.

Darren Pylot, president and chief executive officer of Capstone Mining, noted production at Pinto Valley was slightly lower than expected and the Minto’s production was impacted by lower grades.

“Consolidated production is expected to ramp up throughout the remaining quarters, aligned with our 2018 guidance,” Pylot said

He said ore grade at Pinto Valley was in line with the mine plan for the quarter with higher head grade and production expected over the remainder of the year.

Earlier in the first quarter, Capstone announced an agreement to sell its Minto Mine to Pembridge Resources, PLC. Pylot said this transaction is progressing as planned and is expected to complete in the second quarter, with the proceeds earmarked to pay down its credit facility.

Capstone mining said it will report its first quarter 2018 financial results on Tuesday, April 24 after market close, followed by a conference call and webcast for investors and analysts on Wednesday, April 25.